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The annual interest rate of Huabei installment is 4.84%. The calculation method is the installment amount × the number of installments × 0.0004. The installment interest is paid in installments and there is no interest-free period. Factors that affect installment interest include: installment amount and number of installments. Late repayment will result in liquidated damages. Installment interest cannot be paid with Huabei credit.
Huabei installment interest
The interest rate of Huabei installment is four ten thousandths, which is the annualized interest rate 4.84%.
Calculation method of installment interest rate
The calculation method of installment interest is as follows:
Total installment interest = installment amount × number of installments × installment interest rate
For example, if you pay a consumption of 5,000 yuan in 6 installments, then the total interest in the installments is:
Total interest in the installments = 5000 × 6 × 0.0004 = 12 yuan
Payment time of installment interest
Instalment interest must be paid together with the monthly repayment date.
Interest-free period for installment interest
There is no interest-free period for Huabei installment, and interest will be calculated from the date of installment.
Factors affecting installment interest
Instalment interest is not affected by Huabei quota, transaction amount, transaction type and other factors.
Notes
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